GCP Applied Technologies (NYSE:GCP) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

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GCP Applied Technologies (NYSE:GCP) released its earnings results on Monday. The construction company reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.05, MarketWatch Earnings reports. The firm had revenue of $222.80 million during the quarter, compared to analyst estimates of $202.70 million. GCP Applied Technologies had a net margin of 11.42% and a return on equity of 10.19%. The business’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.10 EPS.

Shares of GCP Applied Technologies stock opened at $26.13 on Wednesday. The company has a quick ratio of 2.98, a current ratio of 3.38 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $1.91 billion, a P/E ratio of 18.15 and a beta of 0.92. The company has a 50-day simple moving average of $25.20 and a 200 day simple moving average of $24.67. GCP Applied Technologies has a 12-month low of $15.98 and a 12-month high of $27.78.

GCP has been the topic of several recent analyst reports. Zacks Investment Research downgraded GCP Applied Technologies from a “buy” rating to a “hold” rating in a research report on Friday, March 5th. TheStreet downgraded GCP Applied Technologies from a “b-” rating to a “c” rating in a research report on Tuesday, March 23rd.

GCP Applied Technologies Company Profile

GCP Applied Technologies Inc produces and sells specialty construction chemicals and specialty building materials worldwide. Its Specialty Construction Chemicals segment offers concrete admixtures under the CONCERA, CLARENA, ADVA, CLARENA RC40, STRUX, MIRA, TYTRO, POLARSET, ECLIPSE, DARACEM, DARASET, DCI, RECOVER, WRDA, and ZYLA brands; admixtures for decorative concrete under the PIERI brand; concrete production management and control systems under the VERIFI brand; engineered concrete slab systems under the DUCTILCRETE brand; and cement additives under the OPTEVA HE, TAVERO VM, CBA, SYNCHRO, HEA2, TDA, and ESE brands.

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Earnings History for GCP Applied Technologies (NYSE:GCP)

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